secondary stock

Secondary Stock

Any stock issued by a publicly-traded company other than a blue chip company. Secondary stocks are issued by less well-established and less well-known companies; as a result, they carry higher risk than blue chip stocks. However, they can have higher growth potential. Secondary stocks tend to have a smaller market capitalization, often under $1 billion.

secondary stock

The stock of a smaller firm listed on the New York Stock Exchange or nearly any stock traded on the American Stock Exchange, the regional exchanges, or in the over-the-counter market. These generally volatile stocks often exhibit price movements different from those of the large blue chips. Also called second-tier stock.
References in periodicals archive ?
The company's later announcement of a secondary stock offering, however, sent its stock crashing 14 percent in extended trading Monday to $191.00 after closing the day at $222.13.
The company also announced a secondary stock offering of 3.25 million shares Monday.
An analysis of the South Wales property market from the international firm, shows that last year the total take-up of office space in the capital, both new grade A and secondary stock, was below the 10-year average (517,000sq ft) at just under 500,000sq ft.
The volume of transactions in the BSE secondary stock market reached 26,600 manats.
On August 9, Crawford filed a Schedule 13D/A disclosing that it entered into a Secondary Stock Purchase Agreement with Ignition Growth Capital I pursuant to which Crawford purchased all of the shares held by Ignition in eHi.
secondary stock offering by a wholly owned subsidiary of BNP Paribas and fills the vacancies created by the resignations of Jean-Milan Givadinovitch and Xavier Antiglio, two of the directors that had been designated by BNP Paribas.
(NASDAQ: SBFG), a diversified financial services company providing full-service community banking, mortgage banking, wealth management, and private client services, has announced that the closing of its recent secondary stock offering has strengthened the company's financial position while offering expanded options to foster long-term growth initiatives, the company said.
These factors are expected to continue increasing demand for industrial property in Dubai, even as rents face reductions driven by price corrections amid the secondary stock market, Murray Stang, head of Cluttons Dubai, said.
(OTC: FCNH) has said that its secondary stock offering has been fully subscribed and 250,000 new shares of common stock have been issued.
Trig Social Media AB announced today that due to the penetration and growth of the company in Spain, it is appropriate to announce its intention to undertake a secondary stock listing on the continuous market in Spain.
"For more secondary stock we expect rents to decline further this year, as occupiers capitalize on what are perceived to be good deals for prime stock."
The company's stock has more than doubled in value so far this year, paving the way for this secondary stock offering of 70 million shares.